What is a business cycle? a period of economic growth followed by economic contraction the amount of time it takes a business to produce its products a dangerous time for all businesses a period of increased economic growth

Business cycle and its growth followed by economic contraction the amount of time it takes a business to produce products in the following way.

Explanation:

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables.

A business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time.

Economists note, however, that complete business cycles vary in length. The duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length.

FACTORS THAT SHAPE BUSINESS CYCLES

Volatility of Investment Spending

Momentum

Technological Innovations

Variations in Inventories

Fluctuations in Government Spending

Politically Generated Business Cycles

Monetary Policies

Fluctuations in Exports and Imports

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